Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Drops By 55.3%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 3,483 shares, a decline of 55.3% from the December 31st total of 7,797 shares. Based on an average daily volume of 16,028 shares, the short-interest ratio is presently 0.2 days. Approximately 2.2% of the company’s stock are sold short. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 16,028 shares, the short-interest ratio is presently 0.2 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

Shares of CARD traded up $0.02 during trading hours on Thursday, hitting $2.51. The stock had a trading volume of 35,173 shares, compared to its average volume of 18,688. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-year high of $10.90. The firm has a market capitalization of $401,600.00, a P/E ratio of -174.58 and a beta of -3.79. The firm has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $3.04.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

The MAX Auto Industry -3x Inverse Leveraged ETN (CARD) is an exchange-traded fund that is based on the Prime Auto Industry index. The fund is an exchange-traded note that tracks -3x the daily price movements of an index consisting of US-listed companies in the broader auto industry ecosystem. The index selects equities by market-cap and weights the resulting portfolio by liquidity. CARD was launched on Jun 30, 2023 and is issued by Max.